Inter Parfums, Inc. (IPAR) Given a $44.00 Price Target at KeyCorp
Inter Parfums, Inc. (NASDAQ:IPAR) has been given a $44.00 price objective by equities research analysts at KeyCorp in a report released on Monday. The firm currently has a “buy” rating on the stock. KeyCorp’s price objective would indicate a potential upside of 3.53% from the stock’s current price.
IPAR has been the subject of several other reports. Zacks Investment Research lowered shares of Inter Parfums from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. BidaskClub upgraded shares of Inter Parfums from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Finally, Citigroup Inc. reiterated a “buy” rating and issued a $45.00 target price (up from $42.00) on shares of Inter Parfums in a research report on Thursday, August 10th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $42.83.
Inter Parfums (NASDAQ IPAR) traded down 0.12% during midday trading on Monday, hitting $42.45. The company had a trading volume of 485 shares. Inter Parfums has a 52 week low of $29.40 and a 52 week high of $42.75. The firm has a market capitalization of $1.32 billion, a P/E ratio of 32.91 and a beta of 1.76. The firm’s 50 day moving average is $40.56 and its 200-day moving average is $37.59.
Inter Parfums (NASDAQ:IPAR) last announced its earnings results on Monday, August 7th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.02. Inter Parfums had a net margin of 7.14% and a return on equity of 8.12%. The company had revenue of $129.10 million during the quarter, compared to analyst estimates of $122.57 million. During the same period in the previous year, the business earned $0.19 earnings per share. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. On average, equities research analysts expect that Inter Parfums will post $1.28 EPS for the current fiscal year.
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In other Inter Parfums news, CFO Russell Greenberg sold 2,500 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $39.10, for a total transaction of $97,750.00. Following the completion of the sale, the chief financial officer now directly owns 5,500 shares in the company, valued at $215,050. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Torres Robert Bensoussan sold 6,000 shares of the company’s stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $42.09, for a total transaction of $252,540.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,750 shares of company stock valued at $480,483. Company insiders own 45.40% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new stake in Inter Parfums during the first quarter valued at about $107,000. Acrospire Investment Management LLC boosted its holdings in shares of Inter Parfums by 68.9% during the second quarter. Acrospire Investment Management LLC now owns 3,178 shares of the company’s stock worth $116,000 after purchasing an additional 1,296 shares during the period. US Bancorp DE boosted its holdings in shares of Inter Parfums by 45.4% during the first quarter. US Bancorp DE now owns 3,187 shares of the company’s stock worth $116,000 after purchasing an additional 995 shares during the period. State of Alaska Department of Revenue boosted its holdings in shares of Inter Parfums by 78.8% during the second quarter. State of Alaska Department of Revenue now owns 3,380 shares of the company’s stock worth $123,000 after purchasing an additional 1,490 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in shares of Inter Parfums by 39.4% during the first quarter. Victory Capital Management Inc. now owns 3,483 shares of the company’s stock worth $127,000 after purchasing an additional 985 shares during the period. Institutional investors and hedge funds own 55.61% of the company’s stock.
Inter Parfums Company Profile
Inter Parfums, Inc operates in the fragrance business. The Company manufactures, markets and distributes an array of fragrance and fragrance related products. It operates through two segments: European based operations and United States based operations. The European Operations segment produces and distributes its fragrance products under license agreements with brand owners.
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